Results

Whilst fat bastard Malcolm Graham Wood is paid to ramp shares in Frontera Resources (FRR) by making claims that cannot be verified, the City's No 1 oil analyst Zac "the Knife" Phillips is impartial and, to say the least, not impressed. In his email to clients today the SP Angel guru opines:

I was never taken in by Rita Whittingham's supposedly game changing deal for Magnolia (MAGP) with Western Energy Development. I saw it as nothing more than a way of creating a 29.9% shareholder who would save her miserable skin at an EGM called to oust her after she had stuck her talentless family on the payroll as she mismanaged the company to death. Some were more charitable, such as the City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel, but Zac has seen the light and today sticks the boot in with the shares at 4.65p (post consolidation) and thus still firmly in the minus 99% club. The Knife opines:

The City's No 1 oil analyst makes an oblique reference to the shoddy way this stock is promoted but the reality is that today's news is grim and it is placing ahoy (YET AGAIN). Zac "the Knife" Phillips of SP Angel opines:

The City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel wants a board room cull at Saffron Energy (SRON). He is at his waspish best in a note released after today's news from Italy. I can't see that he is rating the shares as a buy. Over to "the knife" who opines:

I have warned you often enough that Nighthawk Energy (HAWK) is a drowning in debt dog with fleas and that its shares are worthless. But obviously while I trained as an oil analyst with the City's top rated team, Bulletin Board Morons know better. So here is Zac "the Knife" Phillips of SP Angel, the City's No 1 oil analyst, to explain why today's PR guff announcement really means. Over to "the knife":

I am sure that having bought the duff Italian assets of Sound Energy (SOU), Saffron Energy (SRON) shares will be aggressively promoted when they return from suspension. All the usual suspects in team ramp are already making initial noises. But should we really get excited? The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel thinks not and opines today:

We own these shares but Zac "The Knife" Phillips is the City's No 1 oil analyst so we have an excuse for flagging up his latest note. His employer, SP Angel, is also shop to Curzon (CZN) so even the great Zac cannot be deemed impartial. However, the leader of the free world has done another "beautiful" thing, slashing US tax rates. Zac opines:

Shares in Pantheon Resources (PANR) are slumping today, off 25% at 52p on an operational update which can, at best, be described as a Curate's Egg. I have long viewed this company as unexciting, at best, and find the unbridled enthusiasm of some of its bulletin board moron shareholders just impossible to fathom. I am not the only cynic. The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel opines today:

I shall cover the abject results from fraud MySquar (MYSQ) in detail later. But first there is the matter of why the souls of CEO Eric Schaer and chairman Piers Pottinger will burn in hell. They are men beneath contempt - I refer you to a statement in today's numbers relating to events in Myanmar.

Shares in Mkango Resources (MKA) rocketed last week after it announced a tie up with Singapore based Noble Group which committed Noble to invest £12 million to get a 49% stake in Mkango's Songwe asset. But folks fail to appreciate that there is no guarantee that Noble has the cash to meet its commitments. It's bonds are junk rated and it is quite simple fecked. And it gets worse.

Drowning in debt and red flags POS Green Dragon (GDG) admitted on 30 October that it was in talks with bondholders to push out repayment terms and it promised that those talks - which had been undserway for a while - would be concluded by 20 November. Well maybe not.

Ramptastic - if not entirely transparent RNS releases, Bulletin Board and twitter ramping by all the usual suspects with ludicrous price targets, no cash. What on earth did you expect was going to happen next at perennial uber dog Mayan Energy (MYN)? As those who were paying up to 0.9p at peak ramp just a few days ago contemplate how they were used to get away a £2 million placing at 0.6p they should have very serious questions for London's worst Nomad Roland Fatty Cornish who has signed off in recent ramptastic releases. Enter the fray Zac "The Knife" Phillips of SP Angel, the City's top oil analyst who has 14 questions that a Nomad with a shred of integrity and competence would have asked before allowing the releases. Over to The Knife who writes:

The announcement of a change of strategy today from Canadian Overseas (COPL) has not been welcomed by the City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel who slams what is proposed as "financing folly". The great man opines:

Strat Aero (AERO) is quite clearly insolvent. That its shares have not been suspended pending clarification is just another badge of shame for the world's most successful growth market, that is to say the AIM Casino. Today sees another pathetic attempt to sucker in mug punters to try to pump this worthless stock ahead of another bailout placing.

When those who attack you whether it be with lies or just pointless digs are obvious wrong un's you know that you are on the side of the angels. Being accused of market abuse and oterr fictional criimes by a convicted bank robber and market abuser is a good thing. Being lambasted as a rubbish journalist by bulletin board morons up to their necks in AIM listed frauds is a good sign. And that brings me to Whinny-Froth Holdings Ltd.

It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.

The LSE Asylum recent hosted an evening for its moronic readers at which MySquar (MYSQ) presented. Afterwards its CEO was interviewed. Natch PROVEN RNS LIAR Erik Schaer told at least one whopping lie ( sales in the Quarter ending September 30th were NOT 400% up on the prior year). Natch the interviewer did not ask Erik about the securities fraud or the fact that MySquar was running out of money. Instead he was allowed to LIE that the last funding was to be used "for acquisitions and investments". Nothing to do with keeping the lights on as it burns cash then. Puke. Keep selling - target price 0p. How on earth can Nomad SP Angel stand for this nonsense and ask us to take it remotely seriously?

On the agenda today as I prepare for my weekly coffee morning with my baby son Joshua and the fit young mums is: Andalas (ADL) a joke broker note, MySquar (MYSQ) another RNS which is all smoke and mirrors and a desperate attempt to prop up the shares but SP Angel refuses to force the company to come clean on the lies in the last RNS and the fraud. Pathetic. I look at Interserve (IRV) and its latest dire news. We did warn you. I "out" the company that was truing to raise $15 million via Cornhill yesterday. I look at former ZAI clients whose days on AIM are numbered and finally I read across from yesterday's Horse Hill trade involving Regency (RGM) and Alba (ALBA) to show just how monstrously overvalued is, out of cash and desperate to place, UK Oil & Gas (UKOG)

Oh dear, oh dear. This is pretty simple maths although clearly beyond the wit of clueless Nomad SP Angel but in this podcast I demonstrate clearly another slam dunk lie in the MySquar (MYSQ) trading statement of last week and corrected version of this week. Time for another correction? But it gets worse. I remind you of what SP Angel needs to establish to show that MySquar only breached AIM Rules rather than committing wholesale fraud (ref July sales) but now suggest that its claims re September comparatives might bear scrutiny as well. And there are some very fishy rumours coming out of Singapore that SP Angel might consider as it decides whether to quit or not. I move on to cover Paternoster Resources (PRS) after its latest bad news and explain why its NAV is illusory and then ask readers for help in outing which oil & gas stock Cornhill is raising $15 million for today at a discount of 12% to some share price or another.

What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...

Zac "the Knife" Phillips is, of course, the City's No 1 oil analyst and as we own shares in Curzon Energy (CZN) I see no problem in highlighting this most excellent piece of research. Okay, SP Angel is a retained broker so feel free to ignore this as PR marketing hogwash but Zac "the Knife" is no fool and is a man who writes what he thinks. Over to "the great one"

The Bulletin Board Morons are starting to froth once again about Pantheon Resources (PANR). I cannot see why. Its latest operational update is, at best, opaque. The City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel puts it far better than I can. Over to the maestro who opines:

On 17th October long suffering shareholders in Strat Aero (AERO) will be asked to approve a 1 for 10 subdivision of their shares in order to get a refinancing away. But the maths now look so bleak that one asks if the fat lady should pitch up to the GM as she could well be called on to sing very soon indeed. As a reminder...

Lifestyle company Magnolia Petroleum (MAGP) has started the ramp ahead of its next bailout placing with news of a share consolidation. It may fool some fools but not the City's No 1 oil analyst, Zac "the Knife" Phillips of SP Angel who is at his waspish best and opines:

Even by the standards of the City's No 1 oil analyst Zac "The Knife" Phillips of SP Angel this morning's note was a savage and brutal attack. Think of a hunter bludgeoning a baby seal to death. The object of the Knife's ire is AIM disaster story Mayan Energy (MYN) and the great man writes:

The City's No 1 oil analyst Zac Phillips of SP Angel is not, like most of his peers, a man who ignores the failings of the numerous useless management teams among the AIM Casino's O&G legion. His verdict on the latest statement from the clowns who run worthless, drowning in debt, Nighthawk Energy (HAWK) is brutal and to the point. Over to "the knife:"

The City's number one oil analyst Zac "the knife" Phillips of SP Angel has this morning torn into much ramped AIM dog Frontera Resources (FRR). I think you can take it that what the Knife means is BARGEPOLE!. Over to the great man:

This is not the first time that Buishveld Minerals (BMN) has engaged in truly sordid and shoddy ramping to get a placing away. Perhaps you remember this expose HERE which allowed me to crack a massively tasteless joke about blow jobs. The point is that pre-placing ramping back last fall left those suckered in with a really bad taste in the mouth. Wind forward to yesterday.

This will make you laugh. I take my hat off to Cenkos Securities oil analyst Ashley Kelty for this Nobel Prize winning research. I have not seen such a witty and vicious put down in years. I fear that Zac "the Knife" Phillips at SP Angel will have to up his game to retain his crown as the UK's top oil analyst, Ashley is our hero of the day. The subject is Echo Energy (ECHO). Enjoy.

The sad tale of Mkango Resources (MKA) , the TSX dog listed on the AIM Casino by SP Angel in June 2016 continues but for how much longer? The grim reaper is polishing his scythe and CEO William Dawes better start brushing up on the rules of battleship if he is to avoid what seems an inevitable fate. It all started so well. Mkango was insolvent and so SP Angel raised it some cash about eight months behind schedule and listed it to great fanfare.

ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) has released news of its delayed FY16 numbers in an (almost) no-one is watching o’clock RNS yesterday, released at 4.26 pm – 12.26am local time in China. Goodness me, they must have been putting the wording together for hours! Needless to say, there are still no accounts. In my view the whole thing is a joke and Nomad SP Angel is being made to look foolish: take a look at the directors’ page of the company website!

My heart sunk last week as I noted that the Plutus Powergen (PPG) boys were at it again with their third Sub-Standard List effort coming to the market in just over a year, despite the first two efforts being absolute flops. Oh well, welcome Fandango Holdings (FHP), you’re in the squad– let’s take a look.

The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel is in full flow on the subject of Frontera Resources (FRR) where the management team has today, again, shown that they are greedy selfish pigs who do not give a flying wotsit about shareholder dilution. The Knife puts it a tad more diplomatically but he does not hide his undisguised - and 100% justified - contempt for Steve Nicandros and his co-directors. Over to the Knife...

Late on Friday, at no-one is watching O'Clock we learned that Po Ling Low had quit as FD of AIM listed China fraud Aquatic Foods (AFG) with immediate effect. Really? It was 5.21 in London so it was 1.12 in the morning in China. Did Po really walk the plank so late in the evening. Clearly that was just another lie from this slam dunk fraud.

SP Angel is houes broker to Union Jack Oil (UJO) so take its notes with a pinch of salt. Bur I rate analyst Zak "The Knife" Phillips highly and as such today's reiterated buy stance after the news from Wressle cannot be totally ignored. As for the target price! The Kinfe writes:

We have long pointed out what a dog Green Dragon (GDG) is. Its failure to answer the questions in the bloody dossier HERE was the biggest red flag. Now the City's top oil analyst, Zac "the Knife" Phillips of SP Angel has gone on the attack, calling for regime change and warning that the company's assets could end up with its creditors, i.e. the equity could be worthless. The Knife writes:

This week’s strategy update from Bluebird Merchant Ventures (BMV) reminded me that I meant to go searching for its interims as it had done that really annoying thing that rubbish companies do in not actually putting the interims in the RNS, but merely putting a link to the website and then it isn’t actually on the website till later. Having finally tracked them down, I now realise why the company wanted to hide them away as they make horrific reading.

Union Jack Oil (UJO) and its partner on the Wressle field, Egdon, have appealed against a planning set back on the Wressle field in North Lincolnshire. In the end it will win and at 0.17p (offer) the shares are undervalued and the stance is buy with a target of c0.3p at least.

The City's Number one oil analyst Zac "the Knife" Phillips is back from celebrating Christmas by butchering baby seals or throwing cute little rabbits to a pack of bloodthirsty dogs and is doing what he does best - sticking it to useless management teams on the AIM Casino. Today Nighthawk (HAWK) has served up a piss poor operational update and the SP Angel analyst opines

San Leon Energy (SLE) has announced an early stage bid approach. Its shares are up to 49.5p on the news just down on our tip price but we hope you've followed our advice since and averaged down so are in the money. San states:

The City's number one oil analyst, Zac "the Knife" Phillips of SP Angel has a few words to say about today's lamentable trading update from Nighthawk Energy (HAWK). In short he puts the management on notice that it is now drinking in the last chance saloon. That, I think, is his way of saying you should sell the shares. The Knife writes:

Earlier today I broke the news that Finnaust (FAM) was trying to get a £7 million placing away at 7p HERE. The company has now fessed up that a placing is underway but it says that it is only trying to raise £5 million. I guess that the roadshow is not going so well then. Maybe broker SP Angel should have put out a 68 page ramptastic buy note ahead of passing round the begging bowl not just a 34 page one?

A City source tells me that broker SP Angel is right now endeavouring to raise £7 million for Greenland mining outfit Finnaust (FAM) at 7p per share. At a current 8p to 8.75p the company is valued at £40 million on AIM.

Results from litigation embroiled neo-bankrupt Tethys Petroleum (TPL) are out today and the red ink is everywhere. These are numbers for the three months to September 30th and could well be the last ever published. Some folks are still buying the shares, at 1.25-1.5p today. They are mugs and should read the stark warning issued today by the City's top oil analyst, Zac "the Knife" Phillips at SP Angel. Zac opines:

Say what you like about the army of lunatic small shareholders that have stuck with Gulf Keystone (GKP) through thick and think but they are loyal. Rather like a wife who keep getting beaten up by her drunken husband they just stayed on for more. It was almost touching. And now with the debt for equity complete Gulf is to kick those folks in the bollocks with a share consolidation.

I am now aware that the FCA has been asked to investigate whether Mosman Oil & Gas (MSMN) has been misleading investors in its RNS releases with regards to the Murchison permit operations. The matter does seem pretty black and white to me.

Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..

The City's top oil analyst, Zac "the Knife" Phillips of SP Angel has today issued a stark warning on the risks in holding shares in Gulf Keystone (GKP). As it happens I think Zac is being rather too nice on this occassion, he misses a trick. First to Zac, with the shares now trading at 2.23p, but, he warns, worth as little as 0.65p. "The Knife" writes:

KEFI Minerals (KEFI), the gold exploration and development company has published its unaudited interim results for the half-year ended 30 June 2016. The numbers are pretty irrelevant but for what it is worth...

Lying to your investors is bad. I suppose committing fraud is even worse. But advisers without morals such as Nomad SP Angel and broker Beaufort Securities do not care about such matters as long as they get paid. But that may pose a problem as interims today from Strat Aero (AERO) show that it is completely bust. That SP Angel and Belfort will sign off on an RNS like this says everything you need to know about them. The only thing they should be signing is a resignation letter as Strat is bankrupt both morally and financially.

Don't tell the compliance officer round at SP Angel that we have published this as he ( or she, I know not) is a dickhead who reckons that the fine research from that broker should go to institutions only and not peasants like you. But Zac "the knife" Phillips has today published a 100 page report on San Leon (SLE) in which he notes that the shares, now 44.75p after results this morning are worth 101p to 120p. We own the stock so are minded to agree that the shares are very cheap although Zac is perhaps a tad more optimistic than we are.

Nighthawk Energy (HAWK) has announced that it has settled US litigation today which is good news. The bad news is that the settlement is nothing like what is described in the RNS. The company is misleading investors in saying that this is a nil cash settlement. And thus the City's top oil analyst, Zac "the Knife" Phillips of SP Angel senses blood. He writes:

Last week Nighthawk Energy (HAWK) issued an operational update. Over the weekend its erstwhile business partner Running Foxes issued a press release which puts Nighthawk in a bind. I shall leave the rest to the City's top oil analyst. Over to Mr Zak "the Knife" Phillips at SP Angel:

Mkango Resources (MKA) the companyu with worthless (not so) Rare Earth assets in African which no-one else wants and which was trading whilst insolvent at the time of its AIM IPO has released its debut quarterly results on the Casino."When in Rome"...Mkango has marked the occassion with a great big fat lie.

Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?

Oh dear. Oh dear. AIM Casino bad boy Strat Aero (AERO) does not like seeing emails which show clear evidence of industrial scale fraud and market abuse appearing in public. That is the emails you can see HERE in the $20 million legal claim filed against by proud Texan Hulsey Smith. And so on Monday it went to court to stop the flow of information and to get existing articles pulled.

AIM casino dog with fleas MySQUAR (MYSQ) has today managed a small bailout placing as it teetered on the verge orf bankruptcy just 13 months after its IPO. The roll call name of shame includes pompous PR supremo Piers Pottinger who is a NED, Nomad SP Angel, brokers Mirabaud and Belfort Securities. The shares have plunged to 4p (60% down on the IPO) but are in fact worth 0p. This is a ZERO, an AIM uber-dog. I look at the red flags, talk you through the maths and name the guilty men, the establishment fuckers, the 1% who have made money as poor old private investors took it up the jacksie again. Yes I am angry and use some bad language.

Boy oh boy, SP Angel's Zac Phillips is on a roll. The City's best oil analyst today sinks his teeth into the management of Frontera Resources (FRR) who show "intellectual deficit, moral deficit, or both." The message for shareholders is a clear one (bail) in what is a superb vicious note from one of the few City analysts prepared to call out wrongdoing on AIM. Our hero writes:

Trinity Exploration (TRIN) has confirmed that it has had bid approaches and analyst Zac Phillips at SP Angel, the City's most feared oil guru, has suggested who may be at the table. But shareholders shouldn't get too excited as they will get screwed whatever happens.

Today's assassination with a pen from Zac Phillips at SP Angel is on Premier Oil (PMO) with a stark warning that things may be an awful lot worse than any share price rally might imply. Ouch. Zac writes:

Once again the angry young man of the world orf oil analysis, Mr Zac Phillips has plunged his pen straight into the back of the management of a listed company. This time it is Aminex (AEX) which gets it with both barrels from Zac. He writes:

This morning ShareProphets AIM-China Filthy Forty play Aquatic Foods Group (AFG) released its calendar FY15 results. This is a complete farce and AIM Regulation should be ashamed, for that is where the real scandal lies.

It is in default on its loans but the banks keep putting off the day they pull the plug. Today the company admitted that its attempts to sell its assets had not yet secured any firm offers. Well knock me down with a feather boa sailor, quell fecking surprise. But now it gets worse. Top analyst Zac Phillips, a man who was once seen as the Geoffrey Howe of hydrocarbon analysis but who is rapidly become an attack shark, flags up a massive black hole of a tax liability for Trinity Exploration (TRIN). Writing in the SP Angel morning note today Jaws warns:

SP Angel analyst Zac Phillips has now really got the bit between his teeth. Normally he is Mr Nice Guy but he scents blood at POS Nighthawk (HAWK) and has today given it another savaging. This is one of the most brutal assessments of an AIM listed company and of management incompetence I have seen penned by a City analyst in 25 years. Good work Zac, keep it up. Mr Nice Guy turned Mr Hyde says:

I have noted before that Zac Phillips, the oil analyst at SP Angel is normally only too kind to shite oil companies on the AIM Casino. He bends over to be nice to them and to excuse their lamentable performance. But just now and then, the inner Zac emerges. It is like when mild mannered Sir Geoffrey Howe plunged the knife into the blessed Lady Thatcher, an episode which was seen as "like being savaged by a dead sheep"

Brokerman Dan has sent me an email saying he hears I am ramping Mkango Resources as I have taken shares. For the avoidance of doubt I'd rather suck Daniel's cock than get shares in this insolvent piece of crap. Actually I would not but you get my general view. Nine days ago I told you to "avoid this like the plague". If that is ramping I am a banana. I can only conclude that Mr Levi is, for some reason, hearing voices.

This morning AIM-listed and over-indebted Igas Energy (IGAS) released a trading update ahead of its AGM to be held this morning. The elephant in the room is, of course, its outstanding debt in the form of bonds - £103 million worth as at the last accounts – which mature in March 2018, less than two years away.

The oil team at SP Angel is normally uber charitable to the array of dogs that litter the hydrocarbons segment of the AIM Casino. But one thinks of Geoffrey Howe, a mild mannered and retiring chap, as he savaged the blessed Maggie in his resignation speech as, this morning, analyst Zac Phillips has stuck it to XCite Energy (XEL) like a man possessed.

Those dreaded phrases "strategic review" and "breach of banking covenant" should have warned you that Circle Oil (COP) was toast and I warned you often enough in bearcasts. But it today Circle has admitted that the game is up yet one broker does not get it and has published the worst note in history or at least since Cenkos & SP Angel told folks to reject the 3p bid for Petroceltic (PCI)

This bearcast and your newsletter are late for a range of reasons including my sickness; taking the Mrs to start a 3 AM journey to fill impressionable young minds in Finland with lefty nonsense; dealing with Bill Bloody Gates; morons from the Walsall Shit Hole and also Bodie, Doyle & Cowley, The Professionals. In the podcast itself I cover Watchstone (WTG), Rosslyn Data (RDT), Fitbug (FITB), Rose Petroleum (ROSE), SeaEnergy (SEA), UK Oil & Gas (UKOG) and in great detail LGO Energy (LGO). I urge you to read the piece today on SP Angel. Read it carefully my friends!

Broker and Nomad SP Angel is not listed so why on earth it thinks anyone gives a flying fuck about today's trading update is rather beyond me? But never underestimate the innate sense of self importance among folks in the City of London even if they work for shittly little Nomads and brokers who try to float bankrupt pieces of Turkish such as Mkango Resources. Oddly today's statement fails to mention Mkango, a company Chris Oil appears to have blown £100,000 on backing last autumn.

Oh dear. You cannot say that you were not warned by this website but those morons who were hoping that they would get at least 3p for their Petroceltic (PCI) shares must now brace themselves for 0p. It is a day of shame for certain City analysts, the board and the morons who, in many cases, were the architect of their own doom.Vindicated I laugh at my abusers...

Xcite Energy (XEL) has today announced a new reserves and resources report for its Bentley field. In three months time the company must refinance $125 million of bonds and right now net cash is sub $10 million and falling fast and it has zero revenues. Discussing the economics of a field where Xcite has failed patently to get the farm in partner needed to take it to production is like Hitler worryig about the seating plans for dinner in 1945 as Russian tanks entered Berlin. The only issue now is the scale of the shareholder wipeout. Heck, even respectable and normally cautious brokers such as SP Angel are now openly saying what I have said for an awfully long time, the smell is of toast and it is everywhere.

I think it is probably fair to say that Petroceltic (PCI) Chairman Robert Adair and CEO Brian O Cathain do not feature on the Christmas card list of Worldview’s Angelo Moskov who now, finally controls the company, having snapped up 70% of the company’s debt at a substantial discount to face value.

I reckon that Petroceltic (PCI) is toast and that the villains of the peace are the management who drove it into the ground. It is toast. But broker SP Angel thinks 29.6% shareholder Worldview has questions to answer and reckons other investors should put up a fight for a better deal. I think the broker is wrong but in the interests of balance, it writes today...

Shares in Solgold (SOLG) raced ahead by 43% on Friday. But has anyone looked at the balance sheet and cashflow statements? It is just totally out of cash. All the money's gone. The RNS trail, is ramptastic and SP Angel (BTW what has happened to Mkango you scumbags) is bound to roger PIs with a post pump dump of a placing within days. This, and the idea that West Ham are the new Brazil and that all rugby players are homosexuals, is discussed in today's podcast.

I cannot say that this is a million miles away from my own view except that I am more bearish than the broker on global demand for oil given where I see the world economy heading. Thus - unless there is all out war in the Middle East - my view is that a sustained recovery in the oil price is a 2017 or late 2016 story and won't happen sooner which means stacks more PLC casualties (here are my top 11 to fold BTW). We shall see. I thought this morning's note rather interesting. It follows below:

TSX listed Mkango Resources promised investors - including Chris Oil who put in £100,000 at 2.5 Canadian Cents last Autumn - that its delayed AIM IPO would happen early January. Nomad SP Angel signed off on that statement...I put it to SP Angel today why the silence?

John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Dalradian Resources (DALR), First Quantum Minerals (FQM), European Metals (EMH), Ortac Resources (OTC) and Keras (KRS) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on 600 Group (SIXH), Glencore (GLEN), Metminco (MNC), Obtala Resources (OBT), Kibo Mining (KIBO) and Stellar Diamonds (STEL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Acacia Mining (ACA), Base Resources (BSE), Savannah Resources (SAV) and SolGold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Metal Tiger (MTR), North River Resources (NRRP) and Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Glencore (GLEN), Anglo American (AAL) and Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo American (AAL) and Horizonte Minerals (HZM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on RandGold Resources (RRS) and Pan African Resources (PAF) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on W Resources (WRES) and Central Rand Gold (CRND) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Aquatic Foods (AFG) has been on the AIM Casino for exactly one year but its shares have slumped from 70p to 15p bid. The FD walked the plank today and surely Nomad SP Angel which raised £9.3 million for this POS 12 months ago must realise that the end is nigh. In this podcast I look at the numerous red flags. This one is going down.

John Meyer of SP Angel this morning comments on DiamondCorp (DCP), Kefi Minerals (KEFI), Minera IRL (MIRL), Gem Diamonds (GEMD) and Herencia Resources (HER) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on DiamondCorp (DCP), Goldplat (GDP), Kenmare Resources (KMR), Keras Resources (KRS), Metminco (MNC) and Serabi Gold (SRB) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Oh dear. Oh dear. This looks like another disaster for the lying criminal market abuser Chris Oil who in October put £100,000 into bankrupt TSX listed Mkango Resources at 2.5 Canadian Cents. The stock closed Friday at just 1 Canadian cent with 100,000 shares traded - that would be £500 worth of confetti. But it is not the lobster pot status of Mkango that should really trouble the twerp Oil....it is the ominous silence.

Blenheim Natural Resources (BNR) is another much hyped shitty little AIM investment company. It also smothered itself in merde with its recent shoddy dealings with African Potash (AFPO). One of our readers (Bearfacts) posts on this matter, a comment which merits a wider audience. Over to Mr Bearfacts before I add another kicking below:

John Meyer of SP Angel this morning comments on Berkeley Energia (BKY), Blenheim Natural Resources (BNR), European Metals (EMH), Goldplat (GDP), Stratex (STI), Wolfe Minerals (WLFE) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

It is not a great day for the AIM Casino. First down PeerTV (PTV) and now Oxus Gold (OXS) has called in the administrators and Nomad SP Angel has quit. The shares have been suspended since it lost its spurious legal case in Uzbekistan and now the money has all gone.

John Meyer of SP Angel this morning comments on Atalaya Mining (ATYM), Anglo American (AAL), Avocet Mining (AVM), Blue Rock Diamonds (BRD), DiamondCorp (DCP) and Mariana Resources (MARL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Mariana Resources (MARL), BHP Billiton (BLT) and Anglo American (AAL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

You may remember the strange tale of TSX listed Mkango Resources, a company in which market abuser, liar and criminal Chris Oil invested £100,000 in the late summer ahead of an AIM Listing on December 2nd. Of course, what Nomad SP Angel and Mr Oil failed to realise is that Mkango is as we speak insolvent, I guess the self-styled Britain's Buffet (sic) is just too clever to do any basic balance sheet analysis. So where are we now Mr Oil?

John Meyer of SP Angel this morning comments on Shanta Gold (SHG), Rio Tinto (RIO) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Keras Resources (KRS), Coal of Africa (CZA), Orosur Mining (OMI) and Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Base Resources (BSE), Kefi Minerals (KEFI), Kibo Mining (KIBO) and Xtract Resources (XTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Amur Mining (AMC) and Savannah Resources (SAV) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Beowulf Mining (BEM), Coal of Africa (CZA), Dalridian Resources (DALR), Kibo Mining (KIBO) and Tristar Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Centamin (CEY) and Berkeley Energia (BKY) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond and a few notes on lithium and Bacanora (BCN) related news.

John Meyer of SP Angel this morning comments on Aquarius Platinum (AQP), Caledonia Mining (CMCL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Stratex (STI), Tri-Star Resources (TSTR) and West African Minerals (WAFM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on BlueRock Diamonds (BRD), Minera IRL (MRL) and Noricum Gold (NMG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Diamondcorp (DCP), Alecto Minerals (ALO) and today's interest rate decision by the US Federal Reserve as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Base Resources (BSE), Hummingbird Resources (HUM), Kodal Minerals (KOD), Ironridge Resources (IRR), Rio Tinto (RIO) and Wetherley International WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Minera IRL (MIRL), Rambler Metals (RMM), Savannah Resources (SAV) and Tertiary Minerals (TYM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Goldplat (GDP), Lonmin (LMI), Kaz Minerals (KAZ), North River Resources (NRRP) and Petra Diamonds (PDL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Glencore (GLEN), Dalradian Resources (DALR), European Metals (EMH), Forte Energy (FTE) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer of SP Angel this morning comments on Anglo American (AAL), Coal of Africa (CZA), Kenmare Resources (KMR), Minera IRL (MIRL), Sunrise Resources (SRES) and W Resources (WRES) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond and making a grovelling apology to David Lenigas

You would have thought that Jabba The Hutt would be too busy looking after his portfolio of trainwreck companies to send out a lawyers letter. But oh no, Big Dave has been wasting someone's cash with a nasty missive from his bully boy briefs at Kerman & Co to the well regarded City firm SP Angel.

John Meyer of SP Angel this morning comments on DiamondCorp (DCP) Ferrex (FRX), Lithium news and Tertiary Minerals (TYM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Acacia Mining (ACA), DiamondCorp (DCP) and Caledonia Mining (CMCL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Aureus Mining (AUE), BHP Billiton (BLT), Petra Diamonds (PDL), ZincOx (ZOX) and Scotgold Resources (SGZ) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo Pacific (APF), Atalaya (ATYM) and Caledonia Mining (CMCL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Atlantic Coal (ATC), Herencia Resources (HER), Kefi Minerals (KEFI), Obtala Resources (OBT) and Weatherley (WTI) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond and some thoughts on lithium.

Market abuser Chris Oil seems attracted to lobster pot stockmarket disasters in the way that I am drawn to Cheryl Cole. It is fascinating to watch car crash after car crash for the little twerp. Following on from Sefton (upping his stake to 13%) just before delisting, Lenigas Cuba (CUBA) – nuff said – now we have Mkango Resources. This train wreck hits AIM on December 2nd.

John Meyer of SP Angel this morning comments on AngloGold Ashanti (ANG), Horizonte Minerals (HZM) & Petropavlovsk (POG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Disgraced International Mining & Infrastructure (IMIC) has today announced that it has managed to raise more cash ($22 million) by issuing yet more bonds. The answer to debt is not more debt, especially when you are not generating any cash. But when in a hole…just dig deeper.

The fool Flip Flop forgot to bring you Friday's note. You just can't get good staff these days. Luckily for you, I am here to tidy up his mess. John Meyer of SP Angel on Friday morning commented on Minera (MIRL), Amur (AMC), Metminco (MNC), Stratex (STI) and BHP Billiton (BLT) as as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

On what is becoming kick the fat Aussie share ramper day, leading broker Andrew Monk of VSA Resources has also stepped up to the plate. You may remember how John Meyer of SP Angel revealed Leni-Maths and nominated Big Dave “I just love the smell of newly issued confetti in the morning” Lenigas for the Nobel Prize for maths. Now Monkey is nominating Big Dave for the Nobel Prize for science as well. Over to the broker:

John Meyer of SP Angel today admits that he has been analysising resource companies wrongly for years. Having looked at UK Oil & Gas's (UKOG) Horse Hill data, John has stumbled across the new science of Leni-Maths. John writes:

John Meyer of SP Angel this morning comments on Galileo Resources (GLR), Griffin Mining (GFM), Kefi Minerals (KEFI) and Richland Resources (RLD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Glencore (GLEN), Avalon Minerals (AVI), Caledonia Mining (CMCL), Savannah Resources (SAV) and Solgold (SOLG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Glencore (GLEN), Botswana Diamonds (BOD), Golden Saint Resources (GSR) and Vedanta (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Alba Minerals, (ALBA), Firestone Diamonds (FDI) and Mariana Resources (MARL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Central Asia Metals (CAML), Glencore (GLEN), Kefi (KEFI) and Gemfields (GEM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Aquarius Platinum (AQP) and Paragon Diamonds (PRG) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

SP Angel acts as an adviser to AIM listed Union Jack Oil (UJO) so take this with the proverbial pinch of salt. However the share price target seems so bullish that it might be worth reading this detailed note out today.

John Meyer of SP Angel this morning comments on Berkeley Energy (BKY), Glencore (GLEN), Hochschild (HOC), Lucara Diamonds (LUC) and Rambler Metals (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Bacanora Minerals (BCN), Beowulf (BEM) & Nord Gold (NORD) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Broker SP Angel has slashed its forecasts for gold miner Petropavlovsk (POG) citing lower gold prices and output predictions. But with the shares at 5.5p it still sees 40% upside wth a 7.7p target price (down from 11p). The broker note is detailed.

POS AIM casino dog Mosman Oil & Gas (MOSMN), is – I can exclusively reveal – right now struggling to get away yet another keep the lights on placing at just 1.75p a share. This story gets worse. And worse.

Really? 223% upside? Amazingly SP Angel does not appear to be house broker to AIM listed Union Jack Oil (UJO) so maybe this note by Zac Phillips is of interest and might almost be seen as independent. He seems to like the shares.

John Meyer of SP Angel this morning comments on International Mining & Infrastructure (IMIC), Kefi Minerals (KEFI), Orosur Mining (OMI) and Vedanta Resources (VED) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Amur Minerals (AMC), Mwana Africa (MWA) and Tristar Resources (TSTR) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Aureus Mining, Bacanora Minerals, Beowulf Mining, Savannah Resources and Sierra Rutile as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo Asian Mining, Ortac Resources, Shanta Gold, Stellar Diamonds and Vast Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Bezant Resources, Goldplat, Condor Gold and Hummingbird Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on IronRidge Resources, Noricum Gold, ScotGold Resources, Mariana Resources, Premier African Minerals and Stratmin Global as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Amur Minerals, Anglo American, Armadale Capital, Bacanora & W Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Avocet Mining, Central Asian Metals, First Quantum Minerals, Gem Diamonds, Rambler Metals, Goldstone Resources and Stratex as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Bushveld, EMED, Kefi, Mwana, Ormonde, South32, Tertiary & Weatherley as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on BlueRock Diamonds, Caledonia Mining, Centamin, International Ferro Metals, Landore Resources, Rio Tinto and Solgold as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Coal of Africa, Highland Gold, Sirius Minerals, Solgold, Rio Tinto and the new IPO South32 as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Aureus Mining, Capital Drilling, Serabi Gold and Peruvian frog smoothies as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Amara, Anglo American, Bacanora, Stratmin, Kodal & IronRidge as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Centamin, Caledonia Mining, Metminco, Horizonte Minerals & Kirkland Gold as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on IronRidge Resources, SolGold, W Resources & Coal of Africa as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Petra Diamonds, Weatherley International & Stellar Diamonds as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Amur Minerals, Eurasia Mining, Randgold Resources and Mariana Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo American, Acacia Mining, Kefi Minerals, Wolf Minerals & Xtract Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on First Quantum Minerals, Blue Rock Diamonds & Firestone Diamonds as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Ormonde Mining, Kenmare, DiamondCorp and Ferrexpro as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Ferrum Crescent, Kenmare Resources, Aquarius Platinum, Avocet Mining, Premier African Minerals, Medusa Mining and W Resources as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Tri-Star Resources, Thor Mining, Randgold Resources, Alecto Minerals, Horizonte Minerals and Anglo American as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Avocet Mining, Petra Diamonds, Wolf Minerals and Firestone Diamonds as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Anglo Pacific, Gemfields and International Ferro Metals as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on BHP Billiton, Mariana Resources and Kefi Minerals as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Amur Minerals, Mwana Africa, Petra Diamonds and Serabi Gold as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In a cutting mood today, John Meyer of SP Angel this morning comments on Aurum Mining, ZincOx Resources and Savannah Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In an reasonably ungrumpy mood today, John Meyer of SP Angel this morning comments on Anglo Asian, Aureus, Mariana, Kefi and W Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In an upbeat mood today, John Meyer of SP Angel this morning comments on Kefi Minerals, Landore Resources, Ormonde Mining, Kirkland Lake Gold and Richland Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In an mid-cap mood today, John Meyer of SP Angel this morning comments on Solgold, Acacia Mining and Vedanta Resources as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In an (almost) bullish mood today, John Meyer of SP Angel this morning comments on Solgold, Patagonia Gold, Amur Mining and Caledonia Mining as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

In less combative mood than yesterday, John Meyer of SP Angel today comments on Centamin, EMED, Kibo and Blue Rock Diamonds as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

Here goes for round three of the raging debate on Ariana Resources (AAU) and chief chearleader for the bears is John Meyer of SP Angel who lets rip in today's note. Apparently Arianas new prospect is in the "hookers capital of Turkey" - when's the journalists field trip? Meyer also comments on Kefi, Amara, Hummingbird as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond

John Meyer does not hold back with a withering comment or two on Berkeley Mineral Resources. Today's morning mining note from John and his colleagues at SP Angel also covers Sirius Minerals and Nord Gold as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer does not hold back with a withering assessment of Ariana Resources. Today's morning mining note from John and his colleagues at SP Angel also covers Kefi and Solgold as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer is in our good books today for a cutting take on events at Berkeley Minerals. Today's morning mining note from John and his colleagues at SP Angel also covers Ironbridge Resources, Goldplat and Shanta Gold as well as a detailed macro view on the news that is shaping global mining and the AIM mining pond.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including FinnAust, Amur Minerals, Ortac and Mariana Resources and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including Solgold, DiamondCorp, African Minerals and Stellar Diamonds and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including Dalridian, Metminco and Sierra Rutile and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big stories of the day including EMED, Jubilee Platinum, Wolf Minerals and Tr-Star and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers the big story of the day including plans to extract gold from pooh and at a company level: Noricum, Savannah and a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

We quite like SP Angel when it comes to research as lead analyst John Meyer is an honest chappie, who produces detailed work and can be critical when needs be. Today's detailed note covers Centamin, Conroy and Thor as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. We have now agreed to carry the SP Angel note every working day going forward.

South African gold and platinum producer Pan African Resources(PAF) says it will now work to improve volume and grades in key operations after a 68% fall in attributable first-half earnings to £5.5 million. The company, quoted on AIM and in Johannesburg, saw turnover in the six months to December slide 19.5% to £68.1 million, while all-in costs on the gold side rose from $965 (£622) to $1,165 an ounce, the average gold selling price fell from $1,311 to $1,231 an ounce and the South African Rand weakened.

I do not wish to make this about Tertiary Minerals (TYM) on its own as that will prompt Malcolm Stacey and Comrade Wildrides to issue a fatwa against me. But it rather illustrates a point about just how the AIM Casino works.

Commenting on the announcement of a bid approach for iomart Group plc (IOM) I concluded that ‘the price action suggests that shares in iomart would materially drop back on a takeover agreement not now being reached and, whilst the long-term investor may be content to hold, those with a shorter-term horizon should be cognisant that a financial interest here currently looks to effectively be a bet on whether or not a takeover can be agreed’. The following updates with the offer talks now terminated and the shares, having been over 280p, currently trading at 226p.

Earlier today I flagged the blatant insider dealing taking place ahead of the Westminster Group (WSG) placing announced yesterday. I have written to the broker to the issue SP Angel calling on it to take firm action to catch the City criminals involved. The letter follows.

Westminster Group (WSG) last Thursday decided to raise just over £1 million in a placing for reasons I understand and believe to make sense. When the calls from its broker SP Angel started to be made the share price was 50p in the middle. That was late Thursday afternoon.

Shares in Glasgow-headquartered provider of cloud computing and managed hosting services, iomart Group plc (IOM) have continued rising, to a current 260p, following an announcement from Host Europe Holdings Ltd, “a company controlled by funds managed by Cinven Capital Management” that “it has approached Iomart regarding a possible cash offer for 285p per Iomart share”. Iomart has rejected Cinven’s approaches thus far after concluding that they undervalue the shares. What next?

Broker SP Angel has published a detailed research report on AIM listed Union Jack Oil (UJO) claiming that shares in the AIM listed UK onshore oil play should be valued at 0.7p rather than the current 0.27p.